a) Copies of the un-audited unconsolidated financial statements of the Bidder
along with copies of the audited consolidated financial statements of its Holding
Company.
b) Certificate from the CEO/CFO of the Holding Company, as per the format
enclosed in the bidding documents, stating that the un-audited unconsolidated
financial statements form part of the Consolidated Annual Report of the
Company.
In case where audited results for the last preceding financial year as on the date of opening
of Techno commercial bid are not available, certification of financial statements from a
practicing Chartered Accountant shall also be considered acceptable.
In case, Bidder is not able to submit the Certificate from practicing Chartered Accountant
certifying its financial parameters, the audited results of three consecutive financial years
preceding the last financial year shall be considered for evaluating the financial parameters.
Further, a Certificate would be required from the CEO/CFO as per the format enclosed in
the bidding documents stating that the Financial results of the Company are under audit as
on the date of Techno-commercial bid opening and the Certificate from the practicing
Chartered Accountant certifying the financial parameters is not available.
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1.3.3 In case a Bidder does not satisfy the financial criteria, stipulated at Clause 11.3.1
above on its own, its Holding Company would be required to meet the stipulated turnover
requirements at Clause 11.3.1 above, provided that the net worth of such Holding Company
as on the last day of the preceding financial year is at least equal to or more than the paid
up share capital of the Holding Company. In such an event, the Bidder should be required
to furnish along with its Techno Commercial bid, a letter of undertaking from its Holding
Company, supported by Board Resolution of the Holding Company, as per the format
enclosed in the bidding documents, pledging unconditional and irrevocable financial
support for the execution of the Contract by the Bidder in case of award.
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2.0 Notwithstanding anything stated above, the Employer reserves the right to
undertake a physical assessment of the capacity and capabilities including
financial capacity and capability of the Bidder / his Collaborator(s) /
Associate(s) / Subsidiary(ies) / Group Company(ies) to perform the Contract,
should the circumstances warrant such assessment in the overall interest of the
Employer.
The physical assessment shall include but not be limited to the assessment of
the office/facilities/banker’s/reference works by the Employer. A negative
determination of such assessment of capacity and capabilities may result in the
rejection of the Bid.
The above right to undertake the physical assessment shall be applicable for
the qualifying requirements stipulated above.
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3.0 NTPC reserves the right to reject any or all bids or cancel/withdraw the NIT for
the subject package without assigning any reason whatsoever and in such case
no bidder/intending bidder shall have any claim arising out of such action.
4.0 Issuance of Bidding Documents to any bidder shall not construe that bidder is
considered qualified.